Janney Montgomery Scott LLC Invests $1.66 Million in Tyson Foods, Inc. (NYSE:TSN)

Janney Montgomery Scott LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,979 shares of the company's stock, valued at approximately $1,658,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Optas LLC acquired a new position in Tyson Foods in the 1st quarter valued at about $204,000. Exchange Traded Concepts LLC raised its stake in Tyson Foods by 190.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 23,257 shares of the company's stock valued at $1,484,000 after purchasing an additional 15,250 shares during the last quarter. Sound Income Strategies LLC raised its stake in Tyson Foods by 8.4% in the 1st quarter. Sound Income Strategies LLC now owns 61,306 shares of the company's stock valued at $3,912,000 after purchasing an additional 4,769 shares during the last quarter. Palouse Capital Management Inc. raised its stake in Tyson Foods by 2.5% in the 1st quarter. Palouse Capital Management Inc. now owns 69,766 shares of the company's stock valued at $4,452,000 after purchasing an additional 1,684 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Tyson Foods by 96.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,835 shares of the company's stock valued at $2,223,000 after purchasing an additional 17,127 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a research note on Monday. They issued a "buy" rating and a $67.00 target price for the company. Stephens lowered their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Citigroup lifted their price target on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $63.11.

Tyson Foods Stock Performance

Shares of TSN opened at $55.04 on Friday. The business's 50 day moving average is $56.69 and its two-hundred day moving average is $58.17. Tyson Foods, Inc. has a 52-week low of $54.01 and a 52-week high of $66.88. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 0.72 and a beta of 0.60. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period in the prior year, the company posted $0.62 EPS. Tyson Foods's quarterly revenue was up .0% on a year-over-year basis. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

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